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Studio · 766 sqftBurj Lofts Central, Downtown Dubai · 1st floor · completed 2009

L116, Burj Lofts Central

Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L116 · DLD and Ejari recordsUpdated 20 January 2025
Last soldAED 803K7 October 2012
Current rentAED 80K /yr20 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L116, Burj Lofts Central

What is L116 worth today?

Last sold for AED 802,888 in 2012

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20 Jan 2025RentedNew contract
AED 80,000/yr12 months · AED 104 per sqft
1 Jan 2024RentedRenewal
AED 60,000/yr12 months · AED 78 per sqft
1 Jan 2023RentedRenewal
AED 60,000/yr12 months · AED 78 per sqft
1 Jan 2022RentedNew contract
AED 60,000/yr12 months · AED 78 per sqft
15 Nov 2020RentedRenewal
AED 60,000/yr12 months · AED 78 per sqft
15 Nov 2019RentedNew contract
AED 60,000/yr12 months · AED 78 per sqft
1 Nov 2018RentedNew contract
AED 75,000/yr12 months · AED 98 per sqft
26 Oct 2016RentedNew contract
AED 85,000/yr12 months · AED 111 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2025.

Key facts

Type
Studio apartment
Size
766 sqft
Floor
1st of 26
Parking
B3 - 3041
Developer
Emaar
Completed
2009
Service charge
AED 16,100 /yr
Last sold
AED 803K · October 2012
Building
Burj Lofts Central

About L116, Burj Lofts Central

L116 is a studio of 766 sqft on the 1st floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. The developer sold it on 7 October 2012 for AED 802,888, or AED 1,048 per sqft.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 20 January 2025, is AED 80,000 a year: a gross yield of 10.0% on the 2012 price, before the service charge of about AED 16,100 a year.

Sales and rents for L116 over time

Sales
Unit L116, each saleTypical studio in Burj Lofts Central
800K850K900K201220132014Typical sale price by year: 2012 AED 802,888; 2013 AED 911,444Sold by developer, October 2012: AED 802,888 (AED 1,048 per sqft)

L116 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit L116, each contractTypical studio in Burj Lofts Central
50K75K20142017202020232026Typical rent by year: 2014 AED 85,000; 2015 AED 90,000; 2018 AED 76,500; 2019 AED 63,500; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 60,000; 2023 AED 78,750; 2024 AED 67,500; 2025 AED 80,000New contract, August 2015: AED 85,000 a yearNew contract, October 2016: AED 85,000 a yearNew contract, November 2018: AED 75,000 a yearNew contract, November 2019: AED 60,000 a yearRenewal, November 2020: AED 60,000 a yearNew contract, January 2022: AED 60,000 a yearRenewal, January 2023: AED 60,000 a yearRenewal, January 2024: AED 60,000 a yearNew contract, January 2025: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Burj Lofts Central, and where L116 sits

All 7 studios →
Recent studio salesUnit no.Price (AED)Summary
8 Dec 2014802,888
28 Nov 20131,250,000
31 Jul 20131,000,000
14 Mar 2013815,888
0 studio sales in the last 12 months

Burj Lofts Central

Building

321 apartments, studios to 3-bed over 26 floors in Downtown Dubai, completed in 2009 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 2,481
Typical sale
AED 2.75M
Typical rent
AED 110K /yr
Typical yield
5.1%
Burj Lofts Central, Downtown Dubai: prices, sales and rents →

Other units on the 1st floor

All 321 units in Burj Lofts Central
Value
L1011-bedAED 1.13M · Jul 2012
L1021-bedAED 910K · Aug 2011
L1031-bedAED 2.25M · Jan 2025
L104StudioAED 803K · Dec 2014
L1051-bedAED 1.55M · Jun 2015
L1061-bedAED 1.12M · Jul 2010
L1071-bedAED 1.19M · May 2010
1–7 of 56

L116, Burj Lofts Central in numbers

  • Sold once: by Emaar on 7 October 2012 for AED 802,888, or AED 1,048 per sqft.
  • Rented since August 2015 on 9 Ejari contracts. The rent fell from AED 85,000 to AED 60,000 in 2024 and recovered to AED 80,000 by January 2025.
  • At AED 80,000 a year the gross yield on the 2012 price is 10.0%, before a service charge of about AED 16,100 a year (AED 21.00 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2025.

Questions about L116, Burj Lofts Central

What did unit L116 last sell for?

AED 802,888 on 7 October 2012, sold by the developer: AED 1,048 per sqft for 766 sqft. It is the only registered sale of the unit.

What is the rent for unit L116?

AED 80,000 a year on the contract signed on 20 January 2025. The previous contract, from January 2024, was AED 60,000; the unit has been rented since August 2015.

How big is unit L116?

766 sqft (71.2 sqm): a studio on the 1st floor of a 26-storey tower completed in 2009.

What is unit L116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on L116, Burj Lofts Central

Starts from the last sale price (AED 803K, 7 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 802,888
Deposit, UAE resident (20%)
AED 160,578
Deposit, non-resident (40%)
AED 321,155
Monthly over 25 years at 3.7%
AED 3,285

Plus AED 38,732 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →